standstill agreement


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Related to standstill agreement: Targeted repurchase

standstill agreement

n
(Economics) an agreement that preserves the status quo, esp one between two countries when one country cannot pay its debts to the other that a certain fixed extension of time will be given to repay the debts
References in periodicals archive ?
AkzoNobel and Elliott have also agreed, subject to the terms of a standstill agreement, to seek to suspend all ongoing litigation for at least three months.
or refers to the press release on December 3, 2015 which announced a standstill agreement for delivery of the semi-submersible drilling unit, the West Rigel
On January 31, the retailer extended a standstill agreement with its lenders to March 31, 2011 to allow time for the debt deal to be approved 
by other banks.
Dubai's Damas may face "significant uncertainty" to operate its business if the jeweller is unable to execute its restructuring plan or extend a debt standstill agreement, the company's auditors said in a report on Monday.
Greek mobile operator Wind Hellas Group said on Wednesday enough senior creditors had approved its debt standstill agreement to put it into effect.
The company, which is now in the process of negotiating a standstill agreement with its banks, said no formal demands have been made for the repayment of any of facilities, although one bank has formally reserved its rights.
The revision was prompted by the standstill agreement sealed between Cattles and its creditors, which became effective on 17 December 2009, the agency said.
TELECOMWORLDWIRE-4 January 2010-MOSAID enters into standstill agreement with Samsung(C)1994-2010 M2 COMMUNICATIONS http://www.
The Bahraini unit of Kuwait's Investment Dar, which is in the midst of a debt restructuring, said it had extended its standstill agreement to March 31, next year.
As such; the new date by when TID's banks and investors can accede to the Standstill Agreement is 12 November.
A statement said: "The consenting banks and investors will, for the duration of the standstill agreement, suspend individual claims relating to investment arrangements.